The following information applies to the questions displayed below) Golden Corporation's current year income statement, comparative balance sheets, and additional information follow. For the year (0) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, (4) all debits to Accounts Payable reflect cash payments for inventory, and (5) any change in Income Taxes Payable reflects the accrual and cash payment of taxes GOLDEN CORPORATION Comparative Balance Sheet December 31 A Cash Accounts receivable Inventory Total current Equipment Accumulated depreciation-Equipment Total Liabilities and Equity Accounts payable Income tases payable Total current liabilities Equity Common stock, $2 par value Paid-in capital in excess of par value, common stock Retained earnings Total liabilities and equity GOLDEN CORPORATION Income Statement For Current Year Ended December 31 Balee 1,967,000 Cost of goods sold Gross profit 754,000 50,000 54,000 203,000 Operating expenses (excluding depreciation] Depreciation expe Income before taxes Income taxes expense Set Incone Additional Information on Current Year Transactions a. Purchased equipment for $61,400 cash. 43,000 $360,000 b. Issued 13,500 shares of common stock for $5 cash per share c. Declared and paid $104,000 in cash dividends Current Tear Print Tear 179,000 $123,500 105,500 $6,000 623,500 541,000 90,000 750,500 335,400 314,000 145,5001 111,500 3,117,900 $13,000 117,000 6.000 43,000 32,600 140.000 318,400 610,000 583,000 223,000 183,500 124,900 68,900 $1,117,900 $953,000 Required: Prepare a complete statement of cash flows using the direct method for the current year (Amounts to be deducted should be Indicated with a minus sign) GOLDEN CORPORATION Statement of Cash Flows For Current Year Ended December 31 Cash flows from operating activities $ Cash fown from investing activities Cash flows from financing activities Net increase (decrease in cash Cash balance at December 31, prior year Cash balance al December 31, curent year $